Climbing 8. 86 how do we interpret the market is the market heartless in response to the plea of the protesters is the Market Making judgments about the difference between violent protest and passive resistance i know many people wish it would. They want the market to be part of the debate. They want it to play a constructive role in the dialogue over racial ee qualiqur go down to express empathy for the troubled times were living through. Thats not how it works. The truth is the markets blind because it has no eyes its deaf because it has no ears its a convenient abstraction, not a personal opinion investors make judgments until recently nobody was investing with an eye toward making the world a better place whatever that might be now there is a Younger Generation of investors with hearts in their heads. I share the sentiment. For the most part people pick stocks because theyre trying to make money we buy stocks at companies, Good Companies with good longterm prospects. Mainly ones th
Welcome to another edition of question time wrap. There was a big issue in the hallways the past couple of weeks. Veteran suicide in australia, mothers of veterans who have taken their own lives. Labour supports the move. It wants to know if the government will. My question is addressed to the Prime Minister. Every member of this parliament agrees that reducing the appallingly high rates of veteran suicides in australia should be an absolute priority. We have met with julianne finney. Her son died earlier this year, and her petition has already attracted a quarter of a million signatures. Will the Prime Minister agree with mrs. Finneys calls, joining with us . P. M. Morrison thank you, mr. Speaker. I have met with julianne finney just last week here in canberra. We had another very productive discussion. Her son david had died by suicide earlier this year. I also met with many other parents in sydney recently to discuss their proposal for a Royal Commission to be held for veteran suici
Guillotined as the action in the bomb market indicating the economy is improving we dont need those kinds of stocks anymore the market is constantly trying to predict the future, takes inputs, aggregates them, the consistent growers are out and the cyclicals are in thats right, the companies that can build big numbers when the economy is in shape, theyre back theres just one problem, the random set of inputs and outputs is missing a key ingredient, emotion. If you want to be a successful investor, you need to check your emotions at the door and right now thats not happening. Let me show youwhat i mean why dont you take a stock we all know, merck, then amazeingl it spent two decades lots in the wilderness until they discovered keytruda mostly lung cancer, in trials for many types of tumors, the strength of keytruda breathed new life into merck stock. Now merck has dropped five bucks in two days with the darn thing coming back down to 81 at its hideous lows, it was down nearly 10 from la
Associations, and health care experts. The committee chaired by vermont independent senator bernie sanders. Not only is this unfair to working class and lower income americans, who cannot access a medical home when they need it, and we are losing over 60,000 people a year because they do not get to on time. But in addition to that, from a financial and costeffective perspective, what we have now is basically insane. We have a situation where people get sick, they do not go to the doctor, you know what happens when you dont go to the doctor and you are sick . You get sick or. Maybe you end up in an emergency room where the cost of primary care is ten times, or eight times more than it is if you walked into a Community Health center. If you cant afford prescription drugs, you get sticker, and you may end up in the hospital, and that will cost 100,000. So what we are talking about today is to, things my own personal view, and health care is a human right, and that we should emulate what g
Again today. Dow advancing 70 points and the s p climbing whats going on here . Why the heck are Money Managers leaving the very best in order to pick at the raggedy rest . When i say nobody likes these stocks i say most of the bigtime Money Managers and an acts vift that we interviewed yesterday just didnt want to go to those areas. They didnt seem to like or trust these businesses. For example, bill akreman, smart guy, made companies with restaurants and railroads, said he fears buying into businesses that could be wiped out by a disruptive competitor virtually overnight. He likes Companies Like Warren Buffett describes a business that can be taken down from the proverbial better mousetrap. The Money Managers who repeatedly year after year have gone back to the stock because theyre cheap, have given in and surrendered and theyre not able to take the pain anymore. The house of pain too hard to analyze, and you what . These Money Managers might very well be right theoretically. I think